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20121119
20121119
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CNBC
Nov 19, 2012 3:00pm EST
on how it gets resolved. if obama gets his way, and we get big tax increases on small businesses, but also increased double taxation of dividends and capital gains, we'll have a less friendly economic environment for investment to car inside the united states. and that would mean an incentive for companies not to conduct business here. maybe to expand their branchs and their operations overseas. yes, there's the short-term uncertainty in the fiscal cliff that's hurting, but then i actually agree with michael. it's long-term fundamentals that matter. our government is just too much of a burden. >> steve, what's at stake here? >> i want to talk about two scientists from two different fields. one is pav lolov. a dog would salivate when you put food in hem. ed prescott took that idea and said, you know what, when companies spend, they spend after and during recessions when they can count on getting r&d tax credits from the government. they become conditioned to wait for lousy times for that spending to happen. that's a problem we have with our tax code, which seems to change all the time.
FOX Business
Nov 19, 2012 3:00pm EST
dividend stocks. let's just say president obama got everything he wanted, we avoided the fiscal cliff, he got his big tax increases, this economy still faces tremendous head winds because he wants to raise taxes to pay for -- on dividends, he wants to raise capital gains taxes to pay for obama care. there's a lot of stuff that's coming down that's hitting this country in the next year. i will tell you, if i were the average guy out there, i would watch fox business every day to make sure they kept up-to-date on this, because it's going to hit the pocketbook of everybody in a major way unless of course, you know, you're just collecting stamps from the government. if you are not, if you are in the private sector, this is a huge thing for you. how are you invest toments going to get -- how are your investments going to get hit? how is your pocketbook going to get hit? i think there will be a fiscal cliff compromise. we're talk action tremendous head winds for an economy that's only growing 2%. liz: people will start behaving differently. they will revert to what they did back during the begi
Search Results 0 to 1 of about 2